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Atlanta Fed GDPNow Estimate Recedes

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Atlanta Fed's latest GDPNow model estimate for real GDP growth in the first quarter of 2023 falls to 2.3 from 2.8 prior. Following latest data, "nowcasts of first-quarter real gross private domestic investment growth and first-quarter real government spending growth decreased from -5.1 percent to 2.0 percent, respectively, to -6.1 percent and 1.5 percent, respectively, while the nowcast of the contribution of the change in real net exports to first-quarter real GDP growth decreased from 0.82 percentage points to 0.60 percentage points."

Atlanta Federal Reserve

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Atlanta Fed's latest GDPNow model estimate for real GDP growth in the first quarter of 2023 falls to 2.3 from 2.8 prior. Following latest data, "nowcasts of first-quarter real gross private domestic investment growth and first-quarter real government spending growth decreased from -5.1 percent to 2.0 percent, respectively, to -6.1 percent and 1.5 percent, respectively, while the nowcast of the contribution of the change in real net exports to first-quarter real GDP growth decreased from 0.82 percentage points to 0.60 percentage points."

Atlanta Federal Reserve